its been 5 days since india showed up on alexa at 188k now its at 99 k...unreal growth....
INT - Intertainment Media (TSX-INT) - Page 29
Variety to produce daily show from Cannes fest
'Variety Live' to stream globally in partnership with Ortsbo
"Variety Live," to run May 16-27, will include news from the Croisette and interviews with fest talent and other film biz notables. Each seg will bow at 7 p.m. Cannes time (1 p.m. ET) and run about 40 minutes. The live stream will be available for real-time translation in 53 languages through Ortsbo's service. Streaming outlets include Variety.com, Ortsbo.com and Telemundo.com.
"Variety Live" adds another dimension to Variety's presence at Cannes, which also encompasses the publication of eight festival dailies (May 16-23) and hosting the third annual International Film Finance Forum, set for May 18 at the Majestic Barriere. Among the featured speakers at the confab are Relativity Media's Ryan Kavanaugh, the Weinstein Co.'s David Glasser, Hyde Park Entertainment's Ashok Amritraj, thesp-producer Danny Glover and CAA's Dan Steinman.
"We are thrilled to be developing new and exciting ways for Variety to cover the Cannes Film Festival," said Variety publisher Brian Gott. "While our daily on-site papers and digital offerings are heavily focused on the business of the market and festival, our inaugural 'Live' TV show will allow us to portray the excitement and energy of the festival in a way we haven't done before, to audiences around the globe."
Said Ortsbo chief exec David Lucatch, "The ability to truly engage a global audience has been the goal of all media outlets for years, which is exactly why we are excited to extend our partnership with Variety to be able to offer viewers worldwide the ability to participate in the Cannes Film Festival next month. 'Variety Live' is a perfect example of the next phase of content development where consumption is available globally without language barriers."
Intertainment Media Inc. Completes the Purchase of Stake in Lexifone
Ortsbo's Interest in a Live Voice-to-Voice Translation Leader Will Further Extend Its Ability to Break Down Language Barriers
TORONTO, ONTARIO--(Marketwire - April 27, 2012) - Intertainment Media Inc. (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) ("Intertainment") is pleased to announce that it has completed its purchase of a 25% ownership stake in Israel-based Lexifone Communications Systems (2010) Ltd. ("Lexifone"), developer of proprietary voice translation technology systems (the "Acquisition"). Immediately following the closing of the Acquisition, Intertainment transferred the acquired interest in Lexifone to its subsidiary, Ortsbo Inc. ("Ortsbo"), which is itself preparing to be spun out from Intertainment as an independent company. The addition of Lexifone voice-to-voice translation to Ortsbo's portfolio of translation services further extends Ortsbo's commitment to removing written and spoken language barriers.
Lexifone, based in Haifa, Israel, offers a simple and effective automatic phone interpreter service via its proprietary generic software platform. Its learning-based linguistic and semantic translation delivers best-of-breed voice translations using any phone, whether standard landline telephone, VoIP phone, or mobile phone. Callers simply speak normally into the phone and their speech is translated in seconds. The company is currently in beta testing of its anticipated, soon to be released real-time translation services.
Ortsbo, a leader in real-time email, online chat and social media language translation, anticipates leveraging Lexifone technology as part of a comprehensive suite of services that eliminates language barriers in all their forms. The combined Ortsbo/Lexifone platform is expected to have broad applications in many industries including healthcare, emergency services, social services, travel, and other instances where real-time, vocal translation is preferable over text or chat.
"The addition of Lexifone's voice-to-voice translation services will enable Ortsbo to take a significant additional step forward in serving the enterprise market," said David Lucatch, CEO of Intertainment and CEO of Ortsbo. "By combining Lexifone's voice-to-voice technology with our portfolio of language transformation products and other intellectual property, we can create a host of new customer services that let people communicate across different languages in a clear, conversational experience."
Lexifone's CEO and director of research is Dr. Ike Sagie, a computational linguistics expert with over 30 years of experience in software research, management and entrepreneurship.
"Both Lexifone and Ortsbo are committed to putting people first in language translation, setting very sophisticated technology into the background to create a beautifully simple user experience," said Dr. Sagie. "We're excited to be working so closely with the Ortsbo team to usher in a new era in communication between individuals, businesses and cultures."
Lexifone's technology has applications in the business, customer service and consumer markets. Applications for the technology are anticipated in the travel and tourism industry and in global customer support centers, with many other uses expected in the future. In addition, Lexifone is pursuing direct licensing of its technologies via commercial partners; its first high profile contract, a licensing agreement with a major global translation service provider, is expected to be announced in the coming months.
As part of the Acquisition, Intertainment: (i) acquired 117 ordinary shares (the "Transferred Shares") in the capital of Lexifone from Lexifone's shareholders in consideration for the issuance to them of 1,010,101 common shares of Intertainment (the "INT Shares") at a price of
.495 per INT Share (being the closing price per INT Share quoted on TSX Venture Exchange on April 24, 2012); and (ii) subscribed for 349 ordinary shares (together with the Transferred Shares, the "Acquired Shares") in the capital of Lexifone issued out of treasury in consideration for $1.375 million in cash and cancellation of a promissory note in the total principal amount of $125,000 issued by Lexifone to Intertainment as of April 2, 2012. The total value of the INT Shares issued in connection with the Acquisition was $500,000. The INT Shares will be contractually subject to a four month hold period.
The Acquired Shares, representing 25% of the issued and outstanding ordinary shares in the capital of Lexifone as of the closing date of the Acquisition, were transferred to Ortsbo immediately following the closing of the Acquisition. Intertainment was also granted several options to acquire the remaining stakes in Lexifone prior to January 1, 2014, which options were also assigned to Ortsbo immediately following closing. In addition, a representative of Intertainment/Ortsbo was elected to the board of directors of Lexifone and appointed a technical advisor to Lexifone at closing.
May 01, 2012 07:30 ET
Intertainment Media Provides Update on Ortsbo Spin Out and Announces $20,000,000 Lead Order
TORONTO, ONTARIO--(Marketwire - May 1, 2012) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Intertainment Media Inc. (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) ("Intertainment") is pleased to provide an update on the spin out of Ortsbo Inc. ("Ortsbo") previously announced on February 28, 2012. Ortsbo has engaged M Partners Inc. ("M Partners") to act as its financial advisor and sponsor in connection with the Qualifying Transaction ("QT") with Capstream Ventures Inc. ("Capstream") (TSX VENTURE:CSP.P) and concurrent private placement of subscription receipts (the "Offering"). The syndicate will also include Salman Partners.
The Offering will be in the form of subscription receipts of Ortsbo at a price of $7.00 per subscription receipt, which will convert into units (the "Units") of Ortsbo at the closing of the QT. Each Unit will consist of one common share and one half of one common share purchase warrant of Ortsbo, with each whole warrant being exercisable at $10.50 for a period of 24 months from closing of the QT. Proceeds from the Offering will be placed in escrow and will be released to the resulting issuer upon closing of the QT (the "Resulting Issuer") and the listing of the Resulting Issuer's shares on the Toronto Stock Exchange. The Units will be exchanged for similar securities of the Resulting Issuer, on a one-for-one basis, pursuant to the QT (with the exercise price applicable to the warrants to remain at $10.50 subsequent to such exchange).
Ortsbo has entered into a non-binding term sheet setting out the terms for a lead order for a minimum of $20,000,000 from a strategic investor in connection with the Offering. The strategic investor is an international investment fund with a focus on investing in emerging growth companies. The strategic investor (and any other subscriber that invests a minimum of $20,000,000) will receive one full common share purchase warrant for each Unit purchased under the Offering (rather than one half of one common share purchase warrant of Ortsbo). All of the securities issued to the strategic investors will be exchanged for similar securities of the Resulting Issuer, on a one-for-one basis, pursuant to the QT (with the exercise price applicable to the warrants to remain at $10.50 subsequent to such exchange).
In connection with the Offering, a cash commission of 7% of the aggregate gross proceeds will be paid by Ortsbo to the finders and/or agents (collectively "Agents"). In addition, upon closing of the Offering, the Agents will receive such number of options (the "Compensation Options") equal to 7% of the total number of Units issued in connection with the Offering. Each Compensation Option will entitle the holder thereof to acquire one unit of Ortsbo (each a "Compensation Unit") exercisable at the offering price of $7.00 for a period of 18 months from the closing date of the QT, with each Compensation Unit consisting of one common share and one half of a common share purchase warrant of Ortsbo (each a "Compensation Warrant"). Each whole Compensation Warrant will entitle the holder thereof to acquire one common share at a price of $10.50 for a period of 18 months from the closing date of the QT. The Compensation Options will be exchanged for similar securities of the Resulting Issuer, with identical exercise prices, pursuant to the QT.
The closing of the Offering is subject to the receipt of all necessary regulatory and stock exchange approvals.
The Special Meeting of Intertainment shareholders has been updated and is expected to take place on or about Thursday, June 14, 2012. Details of location and time will be announced shortly.
Further to the press release of Intertainment issued on February 28, 2012, Intertainment provides the following update with respect to the QT.
In connection with the QT and in addition to the common shares of Capstream ("Capstream Shares") to be issued to subscription receipt holders under the Offering, it expected that Capstream will issue 38,478,663 Capstream Shares as follows:
- 17,453,696 Capstream Shares will be retained by Intertainment for its own purposes;
- 9,900,000 Capstream Shares will be in part held for distribution pro rata to Intertainment shareholders and in part retained for the pro rata benefit of Intertainment option and warrant holders;
- 441,051 Capstream Shares will be issued to the minority shareholder of Ortsbo. The resulting issuance is from conversion of the transaction disclosed in Intertainment's Interim Consolidated Financial Statements for the period ended March 31, 2011;
- 2,205,254 Capstream Shares will be issued to the stock option holders of Ortsbo, subject to Intertainment shareholder approval. None of the options have been granted to insiders of Intertainment, its subsidiaries or related parties;
- 1,342,877 Capstream Shares will be issued to the debenture holders of Ortsbo. These shares are the result of the expected conversion of debentures which are disclosed in Intertainment's Interim Consolidated Financial Statements for the period ended March 31, 2011;
- 1,320,714 Capstream Shares will be issued pursuant to the SaaS Technologies Inc. share purchase agreement as disclosed in Intertainment's press release issued on October 19, 2011;
- 3,689,357 Capstream Shares will be issued to directors, officers, employees of Ortsbo and Intertainment as per employment and other agreements to acquire and attract senior US employees, subject to Intertainment disinterested shareholder approval; and
- 2,125,714 Capstream Shares will be issued to consultants of Ortsbo and Intertainment, subject to Intertainment shareholder approval. These shares relate, among other matters, to the purchase of inventions related to the Ortsbo's proprietary technology.
All the above noted Capstream Shares will be subject to various escrow and release conditions pursuant to the Plan of Arrangement and regulatory escrow requirements.
Assuming completion of the Offering amount of a minimum of $20,000,000, the strategic investor (and any other subscriber that invests a minimum of $20,000,000) will be issued a total of 2,857,143 Capstream Shares and 2,857,143 common share purchase warrants of Capstream in connection with the QT. All other subscribers under the Offering will receive one common share and one half of one common share purchase warrant of Capstream in connection with the QT.
Following the closing of the QT, the business of the Resulting Issuer will be that of Ortsbo and it is expected the Resulting Issuer will change its name to "Ortsbo Corporation".
Full particulars of the QT and the Plan of Arrangement will be provided to shareholders of Intertainment, Ortsbo and Capstream in a joint management information circular to be mailed to shareholders in advance of the QT. The QT will be subject to disinterested shareholder approval of Intertainment shareholders of the Plan of Arrangement, and other standard terms and conditions, including listing of Ortsbo on the Toronto Stock Exchange. Final acceptance by the Toronto Stock Exchange is subject to the filing of various documents and information, including evidence of requisite shareholder approvals.
M Partners, subject to completion of satisfactory due diligence, has agreed to act as sponsor in connection with the QT. An agreement to sponsor should not be construed as any assurance with respect to the merits of the QT or the likelihood of completion.
Ortsbo Welcomes Paul Stanley as Spokesperson and Business Partner
LOS ANGELES, CALIFORNIA and TORONTO, ONTARIO--(Marketwire - May 3, 2012) - Ortsbo Inc. (www.ortsbo.com) ("Ortsbo" or the "Company"), the world's leading experiential communications company, a subsidiary of Intertainment Media Inc. ("Intertainment") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that legendary rock icon, entrepreneur and co-founder of KISS, Paul Stanley has joined Ortsbo as a spokesperson and business partner. Mr. Stanley is expected to help bring the world of live entertainment and global sponsorship and merchandising to fans through Ortsbo's unique real-time interactive experiential platform in over 50 languages.
Mr. Stanley will be working directly with the Ortsbo team to develop and initiate Ortsbo's entre into global socialization of live event programming. The platform will allow fans at live concert venues to interact with other fans around the globe, in real-time in over 50 languages through Twitter, Facebook, Ortsbo.com and online through Ortsbo's Live & Global platform creating a social, global village at live entertainment and sports events.
In addition to socialization, the program will connect global fans to exclusive sponsors, offers and merchandising opportunities partnered with Ortsbo.
"We are very excited and honored to have Paul Stanley join Ortsbo. For almost 40 years, Paul has been a major influence in the entertainment industry. Together with Gene Simmons, KISS has become one of the true giants of global business with over 3,000 licensed products and continues to perform for sold out audiences and set records around the world," said David Lucatch, CEO Ortsbo / Intertainment. "Paul's entrepreneurial and artistic visions have continued to garner successes beyond the entertainment industry and we welcome the opportunity to work with him to extend Ortsbo's brand and reach into global live venue socialization."
This program will also be integrated into New York City's newest major venue, The Barclay Center in Brooklyn, NY where Ortsbo is a partner. The Barclay Center is scheduled to open Fall 2012.
In addition to creating the world's first globally socialized live events, Paul Stanley and Gene Simmons of KISS together with Ortsbo hold the Guinness World Record for the Most Nationalities in an Online Chat, having established the record in May 2011 with 88 countries participating. Since then, Ortsbo has unofficially smashed the established record having as many as 161 countries participating in real-time multilingual chat broadcast events including Steven Spielberg at the Warhorse premiere in NYC, The British Academy of Film and Television Awards in London and The Avengers Movie premiere in Los Angeles.
Paul Stanley comments, "Fluent simultaneous conversation across all languages and in real time isn't science fiction, it's Ortsbo. Ortsbo is the universal language that breaks down the barriers separating countries and cultures and turns a vast planet into a global village".
I agree with this. Ortsbo should make watching international events more interesting.
Re: Paul Stanley. A welcome but not unexpected addition. Having watched Family Jewels a bit, Paul was often around and I expected him to have something to do with this.
Great ... but enough with the aging American rock stars!! Ortsbo has got to get some international spokes persons in the line up. (They may have a few allready that i do not know about.)
Let,s get i.e. Yuri Shevchuk... the aged Russian rocker from D.D.T.
Anna Kournikova... the retired Russian tennis star.
Keren Ann Zeidel... a french singer with international followers
Robert Baggio... the Italian soccer star.
Usain Bolt... fastest man in the world.
Even for guest spots at events this would be great.
If Ortbo is to become an international success then we need more demographics covered... not just over tanned rich white guys!!
Ortsbo Partners With Cameron Thomson For European Sales & Business Development
LOS ANGELES, CALIFORNIA and TORONTO, ONTARIO -- (Marketwire) -- 05/04/12 -- Ortsbo Inc. (www.ortsbo.com) ("Ortsbo" or the "Company"), the leader in global experiential communications, a subsidiary of Intertainment Media Inc. ("Intertainment") (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) is pleased to announce that it has engaged Cameron Thomson, the pre-eminent provider of outsourced business development solutions for the media and entertainment technology sectors to provide sales and business development of Ortsbo's commercial and entertainment programs in Europe. Cameron Thomson will also assist Ortsbo with business development solutions in select markets in North American, South American and Asia.
For over 20 years, Cameron Thomson Group has been immersed within the Media / Entertainment and Technology sectors. Cameron Thomson's management team are experienced media, gaming and technology veterans who will provide Ortsbo with critical insight and direct support into direction, tactics and client engagement as the Company commercializes its core entertainment and language services platforms.
"We are very excited to have the opportunity to engage with Cameron Thomson to lead our entre and development in markets outside of North America," said David Lucatch, CEO of Ortsbo. "We are already seeing prospects develop outside of our internal core opportunities, expanding the reach and commercial opportunities for Ortsbo."
Working with Ortsbo's president, Patrick Bultema and CEO David Lucatch, Cameron Thomson has already identified and will engage significant commercial opportunities in the Media / Entertainment and Technology sectors that support Ortsbo's efforts in developing leading experiential communications offerings in global customer care, eCommerce, entertainment and social media.
"Ortsbo offers media, entertainment and technology clients the ability to reach a global audience efficiently and effectively through its proprietary technology offerings that enable real-time multi-language interaction," commented Ronald Thomson, President of Cameron Thomson. "Ortsbo removes the language barrier allowing commercial enterprises the opportunity to engage consumers and clients providing solutions to increase awareness, revenue and profitability on a global basis."
Deep they are using these guys to help them market their product, once the live and global takes off you will see more and more events using our product. September will be a huge time for us, as the brooklyn nets go live and they will be using ortsbo to help market their team. But in the end revenue and users will push this stock up and were heading the right direction.
I think this is the answer. (IMHO)
"9,900,000 Capstream Shares will be in part held for distribution pro rata to Intertainment shareholders and in part retained for the pro rata benefit of Intertainment option and warrant holders;"
We will not get a dividend... not yet.
A similair thing happened a while back with one of my gold stocks. So now I got two stocks that are both down. This can work out very well or it can be a pain cause if the two stocks wind up
worth only as muh as the original you gotta pay two commissions to sell em. I expect way better results with Ortbo and Int.
May 10, 2012
KIIS FM Announces ORTSBO as Its Real Time Closed Captioning Language Translation Partner Live from the "Wango Tango"
Saturday, May 12th-The Home Depot Center
Featuring Live Performances by:
Nicki Minaj, Pitbull, Maroon 5, B.o.B, J Cole, Gym Class Heroes, Foster The People, Big Sean, The Wanted, Wiz Khalifa, K'NAAN, Chiddy Bang, Wallpaper, Diggy Simmons and Carly Rae Jepsen.
Ryan Seacrest to Host, With a Special Guest Host Appearance from Justin Bieber!
LOS ANGELES, CALIFORNIA--(Marketwire - May 10, 2012) - 102.7 KIIS FM is proud to announce that Ortsbo has been selected as its live event partner who will provide real-time closed captioning language translation services and live interviews direct from "Wango Tango". Wango Tango will take place at The Home Depot Center in Carson on Saturday, May 12th. "Ortsbo Live" from Wango Tango will be hosted by KIIS FM's Ellen K and enable the Ortsbo team to conduct live interviews with the artist's appearing on the bill as well as celebrity attendees, and allow Ortsbo viewers to watch a live video broadcast of the interviews and view an accompanying real time text stream, like closed captioning found on TV broadcasts, but in their personally selected choice of over fifty languages. The system, when combined with other Ortsbo technologies, including an integrated Twitter page linked to 53 languages, allows viewers to interact with the broadcast, asking questions of the artists and celebrities, as well as providing comments and chatting with other participants in any language, in real time. In addition to the red carpet interviews, Ortsbo's technology will be integrated into the live on-stage content of the Wango Tango Celebrity Platform stage that features KIIS On-Air Talent as hosts interviewing celebrities between musical acts. Ortsbo's worldwide viewers will have the opportunity to ask a celebrity questions live on the Celebrity Platform and be integrated into the concert as a live show element featured on the main stage video screens. This will be the first time that such a feature will be offered live from Wango Tango.
About KIIS FM:
102.7 KIIS FM is owned and operated by Clear Channel Media and Entertainment. With 238 million monthly listeners in the U.S., Clear Channel Media and Entertainment has the largest reach of any radio or television outlet in America. Clear Channel Media and Entertainment serves 150 cities through 850 owned radio stations. The company's radio stations and content can be heard on AM/FM stations, HD digital radio channels, Sirius/XM satellite, on the Internet at iHeartRadio.com and on the company's radio station websites, on the iHeartRadio mobile application on iPads and smartphones, and used via navigation systems from TomTom, Garmin and others. The company's operations include radio broadcasting, online and mobile services and products, live concerts and events, syndication, music research services and independent media representation. Clear Channel Media and Entertainment is a division of CC Media Holdings, Inc. (OTCBB:CCMO), a leading global media and entertainment company. More information on the company can be found at www.clearchannel.com and www.ccmediaholdings.com.
Fans can listen to 102.7 KIIS-FM on the station's website, KIISFM.com, as well as on iHeartRadio.com and the iHeartRadio mobile app, Clear Channel's best-in-class customizable digital listening experience, offering more than 800 of the nation's most popular live broadcast and digital-only radio stations, plus user-created Custom Stations which provide listeners more songs, better music intelligence, more user control and deeper social media integration, all combined in one free, fully-integrated service.
Hey Loopy, you seem to know a lot about this stock. Hopefully, you can answer my question. Just bought this stock a week ago on a recommendation from a close friend. Very impressed with the potential of this stock in future. I bought the stock on Pink Sheets(ITMTF) as I live in the USA. He states that I might not be eliglble to receive a share dividend for this so called spin off. Is this correct? Do I have to purchase INT.V to receive the dividend. Curious, as I'm not a 100% sure and I don't think my friend is either.
Hey and cheers for joining, this is a solid company...the only reason anybody speaks bad about it is because of last years massive pump and the stock went up for no reason...But we sit a nice level to accumulate at these levels and our next user numbers will surely knock the socks off us when they do release them...That is a good question but im guessing you would recieve shares of ortsbo when spun out, and INT has said they are still looking to get Ortsbo on an American exchange..I would honestly email them and ask. They usually respond very quick. Let me post your question on a few other boards im on and see what they say...